Eduvanz, which has enabled 20,000+ learners and disbursed Rs 200+ Cr in the market, is aiming for innovative growth strategies through payment and credit solutions.
Eduvanz, India’s leading fintech Non-banking Finance Company (NBFC) that allows students to Study Now, Pay Later at 0% interest rates, has named Namita Vyas as Vice President Investor and Corporate Relations.
Namita will be in charge of driving strategic growth initiatives and managing deal structures with Eduvanz’s Debt and Equity Partners. Her appointment will ensure that Eduvanz continues to scale and respond to the rapidly changing needs of its institutional partners and target consumers, i.e. learners.
Namita has over 12 years of experience and specialises in fundraising, business development, and growth strategies. Prior to joining Eduvanz, she worked at SMEcorner, where she was a key member of the management team since its inception, overseeing strategy, investor relations, and bank partnerships. Her previous employers include Citi Bank, Standard & Poor’s, and Infosys, where she managed a large portfolio of companies in the BFSI, power, real estate, and metals and mining sectors across multiple geographies.
Namita has a Bachelor of Science in Electronics and Telecommunications from D. J. Sanghvi College of Engineering and a Master of Business Administration (PGDM) from Narsee Monjee Institute of Management Studies (NMIMS).
Under Namita’s leadership, Eduvanz is developing a number of growth products that will provide students and working professionals with access to thousands of courses from around the world. Aspirants will also receive counselling and guidance to ensure that the course they choose is appropriate for their career path. She will also be in charge of driving the business and developing Eduvanz’s core eLearning ecosystem.
Varun Chopra, CEO and Co-Founder of Eduvanz India, commented on the new addition to the leadership team, saying, “Eduvanz welcomes Namita to its core team and looks forward to her contributions towards our vision of building India’s largest Education Finance company.” Namita’s experience in strategy, investor relations, and bank partnerships will assist us in driving the next phase of growth through innovations focused on providing low-cost Study Now, Pay Later options for learners.”
“At its core, Eduvanz is an NBFC providing student-friendly skill-building and education loans with future-ready products and solutions to its customers,” said Namita Vyas, VP Investor & Corporate Relations, Eduvanz. I am thrilled to be a part of this forward-thinking space with a distinct vision of integrating services in the financial technology landscape. I am excited to contribute to Eduvanz’s growth.”
Eduvanz has disbursed loans totaling $250 million to over 20,000 students. It is the industry-leading scalable platform that has enabled Eduvanz to serve over 350 institutes across 20 states, over 240 cities, and over 25 skill industries in the country with its Study Now, Pay Later product.
Eduvanz is an NBFC Fintech that allows students to Study Now and Pay Later in small, manageable instalments. The company’s primary goal is to make education available to all learners in the K-12, Test-Prep, Upskilling, and UG/PG segments.
The company was co-founded in 2016 by Varun Chopra, an IIT Madras alumni, and Raheel Shah, an IIM Ahmedabad alumni, and is backed by Sequoia Capital and Unitus Ventures. Eduvanz has financially empowered over 20,000 learners and partnered with 350+ Institutes. They are present in 20 states, 240+ cities, and cover more than 25 skill industries.
Winning the Wharton 2018 Economic Start-up India Competition, being selected by Oracle as part of their Accelerator Cohort, being a part of the Champions of Change organised by Niti Aayog and the PMO, and being one of the top 13 startups in Maharashtra Fintech are just a few of the accomplishments.